Whether China's A-shares can rise, I firmly believe that there will be a day of turnaround. Despite the many challenges currently facing China, China's economic fundamentals remain solid and the market potential is huge.
Real estate problems do exist, and problems such as land abuse and housing oversupply need to be solved urgently, but this does not mean that there is no possibility of a turnaround. The government is already actively seeking solutions, such as promoting real estate tax legislation and deepening land system reform, all for the long-term healthy development of the market.
In the manufacturing industry, although problems such as overcapacity and price wars are prominent, these problems are expected to be solved with technological and industrial upgrades. At the same time, China is actively promoting the transformation and upgrading of the manufacturing industry, strengthening independent innovation, and improving product added value and international competitiveness.
In the consumer sector, the household leverage ratio is indeed rising, but the trend of consumption upgrading is also becoming more and more obvious. With the improvement of residents' income levels and the change of consumption concepts, the consumer market still has a lot of room for growth.
As for local government investment, although some companies have low profits or even losses, the government is still actively guiding social capital to participate in infrastructure construction and promote the formation of a market-led investment pattern. This will help stimulate market vitality and promote sustained and healthy economic development.
In summary, I am full of confidence in the future of the Chinese economy. I believe that with the joint efforts of the government, enterprises and the market, China's economy will surely usher in a more prosperous period of development.